Peyton Manning buys Denver area mansion for $4.5 million — for a deal

With only two weeks to go until the start of training camp, Broncos quarterback Peyton Manning has found his new home.

Manning finalized the purchase of a seven-bedroom home in Cherry Hills Village on Tuesday, according to a Denver real estate source.

Manning purchased the home for $4,575,000. The home was originally listed in March 2011 at $5.25 million.

Manning's new home, according to the listing through Fuller Sotheby's International Realty, is more than 16,000 square feet and sits on 3.37 acres. It includes seven bathrooms, separate media and billiard rooms, a "safe" room and an elevator.

Denver Broncos quarterback Peyton Manning, left, looks over a game program while teammate and wide receiver Eric Decker settles into his seat behind home plate as the Broncos players prepare to watch the Colorado Rockies host the New York Mets in a baseball game in Denver, Sunday, April 29, 2012. (David Zalubowski/AP)

Manning, who will move into the home with his wife, Ashley, and their 1-year-old twins, signed a five-year, $96 million contract with the Broncos in March. His $18 million salary for 2012 is guaranteed, but he will need to pass a physical next March to earn the next $40 million (paid over two years) of the deal.

The Broncos report to training camp at Dove Valley on July 25, with the first practices scheduled for July 26.

Manning's commute to Broncos headquarters at Dove Valley is about 10 miles and at least 20 minutes — depending on traffic.

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